Section 4
SEC. 4. Houses and/or buildings which have been transferred to the Republic of the Philippines in accordance with the Philippine Property Act of 1946 and Republic Act Numbered Eight, shall be administered by the Director of Public Works who is hereby authorized to dispose of the same by sale at public auction to the highest bidder when no longer needed for public purposes, giving the veterans who participated in the bidding an option to equal the highest bidder. However, when such buildings are on lands which are also disposable under this Act, the sale of the land and the buildings as well as other improvements thereon shall be made by the National Abaca and Other Fibers Corporation as provided in sections two and three hereof.